Business Revolving Term Loan

Curb your recurring expenses and cash flow constraints with a Business Revolving Term Loan. This is a continuous loan facility where repayments are calculated over five years in equal monthly installments. Once you have made monthly repayments for at least six months, you can withdraw funds up to the original limit, without your monthly repayments being affected

Some of the benefits

Accessibility

Funds are immediately accessible to use whenever you need them

Good terms

You can draw down or withdraw, repay, and withdraw again

Flexible

Manage exactly how much to draw, depending on how much you need at a time and never worry about over-borrowing

What you get

A minimum loan amount of K10,000.00 or US$5,000
You can redraw up to the original amount without having to reapply
When you revolve the loan, your repayments are not affected
Interest is variable and is linked to our official base rate, meaning you get the benefit if the interest rate drops.

What it costs

Refer to pricing guide/ Call our call centre 8200

What you'll need

For more information on the documents you need to give us, please contact the Call centre on 8200

How to get it

Be a Business client with an existing Stanbic Bank Business Current account

Documentation Required
You need to give us the following documents to enable our credit department to make an informed decision.

Your business’ financial statements
Personal statements of assets and liabilities of all the partners, members or directors.
Your sales and purchases budgets
A projected income and expenditure statement
A 12-month cash flow forecast
The amount of your own contribution, and the source of the funds
Schedule of debtors and creditors
If you do not have a Business account with us, you must give us your past three months’ bank statements.

This is not a full list. Depending on the nature of the application and the business risk involved, you may need to give us fewer or more documents.

Note: Terms and conditions apply.

What you get
What it costs
What you'll need
How to get it

A minimum loan amount of K10,000.00 or US$5,000
You can redraw up to the original amount without having to reapply
When you revolve the loan, your repayments are not affected
Interest is variable and is linked to our official base rate, meaning you get the benefit if the interest rate drops.

Refer to pricing guide/ Call our call centre 8200

For more information on the documents you need to give us, please contact the Call centre on 8200

Your business’ financial statements
Personal statements of assets and liabilities of all the partners, members or directors.
Your sales and purchases budgets
A projected income and expenditure statement
A 12-month cash flow forecast
The amount of your own contribution, and the source of the funds
Schedule of debtors and creditors
If you do not have a Business account with us, you must give us your past three months’ bank statements.